Amidst a very bullish period for the majority of assets in the cryptocurrency market, Terra Classic (LUNC) has stood out, but the data compiled by the artificial intelligence (AI) platform ChatGPT suggests that a reversal of its fortunes could be in store at the beginning of the new year.
Indeed, Finbold has asked ChatGPT-4, the most recent model of the OpenAI brainchild, for insights on the price of Terra Classic at the start of 2024, taking into account trends, expert opinions, and technical indicators, and it has delivered an answer from the viewpoint of December 5.
What ChatGPT sees for LUNC
As it happens, the AI platform has predicted that the price of LUNC could end up somewhere in the projected range of a minimum price of $0.000096 (which would represent a decrease of 60.49% to its current price), an average of $0.000118 (down 51.44%), and a maximum price of $0.00014 (down 42.38%).
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Specifically, as it explained:
“Using the current price as a reference, and assuming the absence of any major market shock or significant project-specific developments (positive or negative), the price of LUNC could be expected to fall somewhere in this projected range at the beginning of 2024.”
According to ChatGPT, it has taken into account factors including price action, sentiment, technical analysis (TA) indicators such as moving averages (MA), relative strength index (RSI), and moving average convergence divergence (MACD), as well as fundamental developments, and regulatory climate.
Terra Classic price analysis
As things stand, LUNC was at press time trading at the price of $0.000243, which suggests a modest increase of 0.57% on the day but an impressive advance of 157.55% on its weekly chart, adding up to its previous gains that have accumulated to 270.68% in the last month alone.
That said, LUNC could, in fact, drop to the price within the range shared by ChatGPT, particularly in light of the ongoing fraud lawsuit against Terraform Labs and its former CEO, Do Kwon, and the recent news of his possible extradition from Montenegro to either South Korea or the United States.
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